Cyber Security

Cyber fraudsters take money out of 20,000 Tesco Bank accounts

“The banking arm of Britain’s biggest retailer Tesco was scrambling on Monday to deal with an online attack over the weekend on 40,000 customers’ accounts, 20,000 of which had money removed.

The hack is the first on a British bank known to have resulted in customers losing money, adding to growing concerns about the British financial sector’s vulnerabilities to cyber attacks, which have jumped in frequency over the past two years.”

Source: Cyber fraudsters take money out of 20,000 Tesco Bank accounts | Reuters

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OODA Analyst

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